UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check one): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form 10-D [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: March 31, 2005
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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Read Instruction (on page 3) Before Preparing Form. Please Print or Type.
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Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
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Full Name of Registrant
Emtec, Inc.
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Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
572 Whitehead Road
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City, State and Zip Code
Trenton, NJ 08619
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PART II - RULES 12b-25(b) AND (c)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
((a) The reasons described in detail in Part III of this form could not be
( eliminated without unreasonable effort or expense;
(
((b) The subject annual report, semi-annual report, transition report on
( Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion
( thereof, will be filed on or before the fifteenth calendar day
[X] ( following the prescribed due date; or the subject quarterly report or
( transition report on Form 10-Q or subject distribution report on Form
( 10-D, or portion thereof will be filed on or before the fifth calendar
( day following the prescribed due date; and
(
((c) The accountant's statement or other exhibit required by Rule 12b-25(c)
( has been attached if applicable.
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PART III - NARRATIVE
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State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR,
or the transition report or portion thereof, could not be filed within the
prescribed time period.
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The Form 10-K could not be filed within the prescribed time period because of
time constraints encountered by certain of Registrant's managerial and financial
personnel as a consequence of Registrant's exploration of a possible business
combination. No definitive agreement with respect to any business combination
has as yet been executed. There can be no assurance as to the execution of any
such agreement by Registrant or, if ultimately executed, as to the consummation
of any business combination contemplated thereby.
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PART IV - OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
Ira Roxland (212) 768-6700
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s). [X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion hereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Registrant anticipates reporting net income of $2.87 million, or $0.37 per
share, upon total revenues of $112.70 million for the year ended March 31,
2005, as compared to net income of $642,988, or $0.09 per share, upon total
revenues of $100.17 million for the year ended March 31, 2004.
Emtec, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: June 30, 2005 By: /s/ Sam Bhatt
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Sam Bhatt
Vice President of Finance
INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other fully authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the
signature. If the statement is signed on behalf of the registrant by an
authorized representative (other than an executive officer), evidence of
the representative's authority to sign on behalf of the registrant shall be
filed with the form.